Stock analysts at Truist Financial started coverage on shares of Viper Energy (NASDAQ:VNOM – Get Free Report) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $54.00 price target on the oil and gas producer’s stock. Truist Financial’s price objective points to a potential upside of 13.78% from the stock’s previous close.
VNOM has been the topic of several other reports. Citigroup upped their price target on Viper Energy from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. TD Securities raised their price objective on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Mizuho boosted their target price on shares of Viper Energy from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Piper Sandler increased their price target on shares of Viper Energy from $64.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.93.
Read Our Latest Research Report on VNOM
Viper Energy Stock Performance
Viper Energy (NASDAQ:VNOM – Get Free Report) last announced its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.51 million. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The business’s revenue was up 87.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 EPS. As a group, analysts expect that Viper Energy will post 2.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Viper Energy
Several hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Viper Energy in the fourth quarter worth $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Viper Energy in the 3rd quarter worth about $31,000. Ameriflex Group Inc. purchased a new position in shares of Viper Energy in the 3rd quarter worth about $38,000. CoreCap Advisors LLC boosted its stake in Viper Energy by 503.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 906 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Viper Energy by 68.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 568 shares during the last quarter. 87.72% of the stock is owned by institutional investors.
Trending Headlines about Viper Energy
Here are the key news stories impacting Viper Energy this week:
- Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance and set a $54 price target (roughly mid‑teens upside vs. the current price), bringing institutional attention and potential demand for the shares. Truist Initiates Coverage
- Positive Sentiment: Viper’s most recent quarter beat top‑line and EPS expectations, and the stock has risen since that report — this underpins the bullish analyst flow and supports valuation upgrades. Zacks: Up 5% Since Earnings
- Positive Sentiment: Goldman Sachs reiterated a buy view and included Viper in its featured energy picks, which can attract momentum flows from funds following broker top‑picks. Goldman Sachs Reaffirms Buy
- Positive Sentiment: Roth MKM maintained a buy rating, adding to the cluster of buy recommendations that can sustain investor interest. Roth MKM Keeps Buy
- Positive Sentiment: Short interest fell materially in mid‑March (to ~13.2M shares, ~3.7% of float, ~2.3 days to cover), which reduces one source of downside pressure and the risk of a short‑squeeze narrative. (Data summary from short‑interest releases.)
- Neutral Sentiment: Analysts’ consensus remains a moderate‑buy, reflecting general bullishness but not unanimous conviction — useful context for balance between upgrades and expectations. Consensus Moderate Buy
- Neutral Sentiment: Several short‑interest data posts this week show implausible “0 shares” readings, indicating reporting noise — treat those specific entries as unreliable until official exchanges confirm. (Internal market‑data notices.)
Viper Energy Company Profile
Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.
The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.
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